SBI Realty-For Plot Purchase

Construct your dream home from scratch and make it a reality.

SBI Realty provides an opportunity to the customer to purchase a plot for construction of a dwelling unit. The construction of the house should be completed within 3 years from date the loan has been sanctioned/disbursed. The customer can also avail another Home Loan for construction of house on plot financed under SBI Realty. The maximum amount of loan that can be offered to a customer can range upto Rs. 15 crores with a comfortable repayment of 15 years.

  • Low Interest Rates
  • Low Processing Fee
  • No Hidden Charges
  • No Pre Payment Penalty
  • Interest charges on Daily Reducing Balance
  • Repayment up to 15 years
  • Interest Concession for Women Borrowers
  • Resident Type: Resident Indian
  • Minimum Age: 18 years
  • Maximum Age: 65 years
  • Loan Tenure: up to 10 years.
  • Loan Amount: Click Here

List of papers/ documents applicable to all applicants:

  • Loan Application: Completed loan application form duly filled in affixed with passport size photographs.

In case of KYC compliant Saving Bank accounts:

  • No fresh KYC document is required.
  • Address proof to be provided in case of change of address.
  • PAN to be provided in case of non-availability of PAN in Bank’s record.

In case of KYC non-compliant Saving Bank accounts:

  • Proof of Identity (Anyone): PAN/ Passport/ Driver’s License/ Voter ID card.
  • Proof of Residence/ Address (Anyone): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card.

For guarantor (wherever applicable):

  • Personal Assets and Liabilities Statement
  • 2 passport size photographs
  • Proof of identification as above
  • Proof of residence as above
  • Proof of business address as above
  • Signature identification from his/her present bankers

Additional documents required for salaried persons:

  • Original Salary Certificate from employer
  • TDS certificate on Form 16 or copy of IT Returns for last two financial years, duly acknowledged by IT Deptt.

Additional documents required for Professionals/self- employed/ other IT assesses:

  • Acknowledged copies of three years I.T. returns/ Assessment Orders.
  • Photocopies of challans evidencing payment of Advance Income Tax

Apply Now